https://www.taxtmi.com/caselaws?id=767747 CESTAT Kolkata ruled that cutting/slitting of H.R. Coils into M.S. Plates does not constitute manufacture. The respondent properly followed Rule 16 of Central Excise Rules, 2002, availing CENVAT credit and paying equivalent amounts upon clearance as advised by jurisdictional Assistant Commissioner. No suppression of facts was established, making extended limitation period inapplicable. Since credit availment and utilization were regular, no penalty under Rule 15(1) of CENVAT Credit Rules, 2004 was imposable. Revenue's appeal was dismissed as respondent's procedure was compliant and transparent. en-us Thu, 06 Mar 2025 00:00:00 +0530 Tue, 25 Mar 2025 08:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767747 CESTAT Kolkata ruled that cutting/slitting of H.R. Coils into M.S. Plates does not constitute manufacture. The respondent properly followed Rule 16 of Central Excise Rules, 2002, availing CENVAT credit and paying equivalent amounts upon clearance as advised by jurisdictional Assistant Commissioner. No suppression of facts was established, making extended limitation period inapplicable. Since credit availment and utilization were regular, no penalty under Rule 15(1) of CENVAT Credit Rules, 2004 was imposable. Revenue's appeal was dismissed as respondent's procedure was compliant and transparent. Case-Laws Central Excise Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767747